Finance Bill 2016 finally became the Finance Act 2016, getting Royal Assent on 15 September 2016.
SME Tax News
In Phillip Marsh and David Price v HMRC [2016] UKFTT TC05288 the First Tier Tribunal (FTT) found that two directors were liable for PAYE that should have been deducted from their salaries shortly prior to their company’s failure.
In Stephen West v HMRC [2016] UKFTT TC05285 the First Tier Tribunal (FTT) decided by casting vote that a director was not liable for PAYE on a bonus paid just before the company went into liquidation. Decision reversed by T, see below.
The Scottish Parliament has published a consultation: 'A Scottish approach to taxation call for evidence' ahead of developing a new approach to taxation.
Chancellor Philip Hammond will deliver his first Autumn Statement on Wednesday 23 November 2016, this will outline proposals for Budget 2017.
Employers and agents no longer have to submit a paper form P11D(b) to HMRC if they have not submitted any P11D forms.
HMRC has begun contacting registered childcare providers inviting them to sign up online to make sure that they are eligible to receive payments from the tax-free childcare accounts being introduced from early 2017.
In Rupert Grint V HMRC [2016] TC05286 the Harry Potter star fell foul of the rules for change of accounting date for tax.
In Kujtim Gjoci v HMRC [2016] UKFTT TC05325 a plumber who did not keep records had a good break on tax penalties. Apart from quoting the wrong legislation First Tribunal (FTT) did not spot that penalties for a deliberate error are not normally capable for suspension